IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 05 Jun 2013 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On June 4, 2013, Brazil's Finance minister, Mr. Guido Mantega, announced the elimination of the country's foreign investment tax (Imposto sobre Operaçőes Financeiras, IOF) on fixed income funds, which previously stood at 6 per cent. On June 5, with the adoption of Presidential Decree no. 8023/2013, the measure entered into force.

AFFECTED COUNTRIES

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